4//SEC Filing
Comstock Mining Inc. 4
Accession 0000932440-14-000247
$LODECIK 0001120970operating
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 4:41 PM ET
Size
9.6 KB
Accession
0000932440-14-000247
Insider Transaction Report
Form 4
DEGASPERIS CORRADO F
CEO, Pres., PFO, CRO
Transactions
- Tax Payment
Common Stock
2014-07-01$1.65/sh−650,000$1,072,500→ 1,000,000 total - Exercise/Conversion
Common Stock
2014-07-01+1,650,000→ 1,650,000 total - Exercise/Conversion
Restricted Stock
2014-07-01−1,650,000→ 1,100,000 total→ Common Stock (1,650,000 underlying)
Footnotes (4)
- [F1]Transaction has no purchase or share price.
- [F2]On December 21, 2011, Comstock Mining Inc. (the "Company") granted 2,750,000 shares of restricted stock to the reporting person under the Comstock Mining Inc. 2011 Equity Incentive Plan (the "Plan"), subject to vesting. On July 1, 2014, 60% of such shares vested based upon certain time-based requirements of the reporting person's employment agreement and based upon the certification by the compensation committee of the board of directors of the Company of the attainment of both the validation of qualified resources (at least measured and indicated) of at least 2,000,000 ounces of gold equivalent and the completion of three months of consecutive mining operations at an annual production rate of 17,500 gold equivalent ounces. 650,000 shares were withheld to be sold by the Plan's administrator to meet the Company's tax withholding obligations.
- [F3]Each share of Restricted Stock is equivalent to one share of Common Stock.
- [F4]No expiration date.
Documents
Issuer
Comstock Mining Inc.
CIK 0001120970
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001120970
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 4:41 PM ET
- Size
- 9.6 KB